October 22, 2003, Hong Kong – The retail notes launched by Cheung Kong (Holdings) Limited (‘Cheung Kong’) recently have recorded overwhelming response from the market, and are already oversubscribed. These notes mark the first issuance of retail notes by Cheung Kong and involve HK$800 million.

The subscription deadline has therefore been pushed forward from noon time on Friday to the end of office hour of the Placing Banks today (October 22, 2003). However, the issue date, maturity date, payment and other arrangements pertaining to the retail notes will remain unchanged.

The first issue of Cheung Kong's retail notes consist of five-year Hong Kong dollar Notes and three-year Australian dollar Notes. The notes will be issued to retail investors in bearer through Cheung Kong Bond Finance Limited, a wholly owned subsidiary company of Cheung Kong, and will be guaranteed by Cheung Kong.

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